MIRA
INFORM REPORT
|
Report Date : |
10.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
INNOVATIVE TELECOM AND SOFTWARES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
O/ 21-22, 1st Floor, Kanaknidhi, Opposite Gandhi Smruti
Bhavan, Timaliyawad, Nanpura, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.03.2000 |
|
|
|
|
Com. Reg. No.: |
04-037643 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.506 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32309GJ2000PTC037643 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTI00037C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI8036R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Computer Peripherals |
|
|
|
|
No. of Employees
: |
Information not given by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 150000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitments. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
Management non co-operative
LOCATIONS
|
Registered Office/ Showroom : |
O/ 21-22, 1st Floor, Kanaknidhi, Opposite Gandhi Smruti Bhavan,
Timaliyawad, Nanpura, |
|
Tel. No.: |
91-261-2476474/ 2461920/ 2464926 |
|
Fax No.: |
91-261-2461902 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Mihirbhai Bansidhar Chahwala |
|
Designation : |
Managing Director |
|
Address : |
A – 802, Smita Park, Sarela Wadi, Ghod Dod Road, Surat, Gujarat, India
|
|
Date of Birth/Age : |
02.09.1959 |
|
Qualification : |
BE |
|
Date of Appointment : |
27.03.2003 |
|
DIN No.: |
01867580 |
|
|
|
|
Name : |
Mr. Moinuddin Rashiuddin Shaikh |
|
Designation : |
Director |
|
Address : |
45, Ganga Sagar Society, Adajan Patia, |
|
Date of Birth/Age : |
17.11.1970 |
|
Qualification : |
BE |
|
Date of Appointment : |
27.03.2000 |
|
DIN No.: |
01749805 |
|
|
|
|
Name : |
Mr. Azimuddin Shaikh |
|
Designation : |
Director |
|
Address : |
39, Ganganagar Society, Adajan Patia, |
|
Date of Birth/Age : |
01.11.1977 |
|
Qualification : |
Diploma in Computers |
|
Date of Appointment : |
31.03.2003 |
|
DIN No.: |
01749753 |
|
|
|
|
Name : |
Mrs. Sushmaben Mihirbhai Chahwala |
|
Designation : |
Director |
|
Address : |
A – 802, Smita Park, Sarela Wadi, Ghod Dod Road, Surat, Gujarat, India
|
|
Date of Birth/Age : |
08.12.1961 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
27.03.2000 |
|
DIN No.: |
01771783 |
|
|
|
|
Name : |
Mr. Zakiahmed Rashiduddin Shaikh |
|
Designation : |
Director |
|
Address : |
39, Ganganagar Society, Adajan Patia, |
|
Date of Birth/Age : |
15.01.1973 |
|
Qualification : |
Diploma in Computers |
|
Date of Appointment : |
31.03.2003 |
|
DIN No.: |
01842143 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Azimuddin Rashiduddin Shaikh |
55055 |
|
Moinuddin Rashiduddin Shaikh |
165165 |
|
Sushmaben Mihirbhai Chahwala |
137637 |
|
Zakiahmed Rashiduddin Shaikh |
55055 |
|
Mihirbhai Bansidhar Chahwala |
137638 |
|
TOTAL
|
550550 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Computer Peripherals |
GENERAL INFORMATION
|
No. of Employees : |
Information not given by the management |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018,
Maharashtra, India ·
Axis Bank Limited ·
Syndicate Bank ·
HDFC Bank ·
ICICI Bank |
||||||||||||||||||
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|
||||||||||||||||||
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Facilities : |
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Hiren M. Diwan and Company Chartered Accountants |
|
Address : |
43, River Palace, Wing A, Besides Wavdi Ovara, Nanpura, Surat–395001,
Gujarat, India |
|
Tel. No.: |
91-261-2470102 / 2470103 |
|
Fax No.: |
91-261-3931401 |
|
PAN No.: |
AAZPD2794H |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
550550 |
Equity Shares |
Rs.10/- each |
Rs. 5.506
Millions |
|
|
|
|
|
NOTES
Reconciliation of the number of shares and amount outstanding at the
beginning and at the end of the reporting
|
Particulars |
Opening Balance |
Closing Balance |
|
Equity Shares with voting rights |
|
|
|
Year ended 31st March, 2012 |
|
|
|
-
Number of Shares |
550,550 |
550,550 |
|
-
Rs. In Millions |
5.506 |
5.506 |
|
|
|
|
Details of shares held by each shareholder holding more than 5% shares
|
Class of shares / Name of Shareholder |
As at 31 March,
2012 |
|
|
Number of Shares Held |
% Holding in the class of |
|
|
Equity shares with voting rights |
55,055 |
10 |
|
Azimuddin Rashiduddin Shaikh |
137,638 |
25 |
|
Mihirbhai Banskiharbhai Chahwala |
137,637 |
25 |
|
Moinuddin Rashiduddin Shaikh |
165,165 |
30 |
|
Zaki Ahmed Rashiduddin Shaikh |
55,055 |
10 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.506 |
5.506 |
0.501 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
34.051 |
24.882 |
19.711 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
39.557 |
30.388 |
20.212 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.193 |
0.627 |
1.025 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.193 |
0.627 |
1.025 |
|
|
DEFERRED TAX LIABILITIES |
0.782 |
0.549 |
0.491 |
|
|
|
|
|
|
|
|
TOTAL |
40.532 |
31.564 |
21.728 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.593 |
5.272 |
5.060 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.808
|
6.472 |
6.862 |
|
|
Sundry Debtors |
15.990
|
30.706 |
70.926 |
|
|
Cash & Bank Balances |
20.758
|
14.366 |
3.548 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
10.005
|
10.343 |
5.988 |
|
Total
Current Assets |
47.561
|
61.887 |
87.324 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.191
|
29.891 |
67.741 |
|
|
Other Current Liabilities |
0.297
|
0.356 |
0.184 |
|
|
Provisions |
4.134
|
5.348 |
2.731 |
|
Total
Current Liabilities |
15.622
|
35.595 |
70.656 |
|
|
Net Current Assets |
31.939
|
26.292 |
16.668 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
40.532 |
31.564 |
21.728 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
193.492 |
278.809 |
|
|
|
|
Other Income |
0.280 |
1.461 |
|
|
|
|
TOTAL (A) |
193.772 |
280.270 |
204.749 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
151.767 |
229.034 |
|
|
|
|
Employees Benefits Expenses |
12.965 |
18.818 |
|
|
|
|
Other Expenses |
13.769 |
14.871 |
|
|
|
|
Exceptional Items |
0.027 |
0.091 |
|
|
|
|
TOTAL (B) |
178.528 |
262.814 |
193.550 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
15.244 |
17.456 |
[Including Financial |
|
|
|
|
|
|
Expenses] |
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.043 |
0.077 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
15.201 |
17.379 |
11.199 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.636 |
1.897 |
0.945 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
13.565 |
15.482 |
10.254 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.396 |
5.307 |
3.113 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
9.169 |
10.175 |
7.141 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
12.670 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
NA |
NA |
0.100 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
19.711 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.01 |
18.48 |
140.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.73
|
3.63 |
3.49 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.01
|
5.55 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.16
|
23.05 |
11.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.51 |
0.51 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.42
|
1.21 |
3.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.04
|
1.74 |
1.24 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
|
|
|
|
Creditors for Goods |
4.376 |
24.308 |
65.535 |
|
Creditors for Expenses |
1.081 |
4.018 |
1.737 |
|
Creditors for Legal and Professional |
0.254 |
0.300 |
0.221 |
|
Advance from Customers |
5.480 |
1.265 |
0.248 |
|
TOTAL |
11.191 |
29.891 |
67.741 |
BUSINESS AFFAIRS
The Board of Directors presents the above reported results of the company
for the year under consideration for the kind consideration of the Hon’ble
members. The Board hopes that the Hon’ble members would find the scale of
operation during the year under consideration to be satisfactory. The Hon’ble
members are requested to appreciate that the profitability vis-ŕ-vis the volume
of business has been maintained at the most satisfactory level during the
current year too in comparison with the preceding year. the board takes this
opportunity to inform the Hon’ble members that the company is hoping to obtain
a big commercial assignment as at present from a government authority which will not only result in enhanced
profitability for the company but will also be able to meet the company’s
obligation towards the society at large to a substantial extent.
The Hon’ble members are requested to approve the above results.
FORM 8
|
Corporate
identity number of the company |
U32309GJ2000PTC037643 |
|
Name of the
company |
INNOVATIVE
TELECOM AND SOFTWARES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
O/ 21-22, 1st Floor, Kanaknidhi, Opposite Gandhi Smruti Bhavan, Timaliyawad, Nanpura, Surat – 395 001, Gujarat, India |
|
This form is for |
Modification of charge |
|
Charge
identification number of the charge to be modified |
10194159 |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) |
|
Particular of
charge holder |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplement deed
of hypothecation. |
|
Date of
instrument Creating the charge |
20.12.2011 |
|
Amount secured by
the charge |
Rs. 25.000 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Cash Credit : YBL
Base Rate Plus 2.75% p.a Terms of repayment On Demand /
Annual review Margin Cash Credit
: 25% on book debts less than 90 days
plus stocks less creditors BG : 20% Margin
in the form of FDR LC : 20% margin
in the form of FDR Extent and operation of the charge Exclusive Charge
by way of hypothecation on company's current asset, both present and future
for the limits enhanced from INR 12.500 Millions to INR 2.500 Millions |
|
Short particulars
of the property charged (Including location of the property) |
Exclusive Charge
by way of hypothecation on company's current asset, both present and future. |
|
Date of
instrument modifying the charge |
11.12.2010 |
|
Particulars of
the present modification |
By this
modification existing charge on company's current assets, both present and future
has been extended for the enhanced credit facilities from Rs. 12.500 Millions
to Rs. 2.500 Millions |
FIXED ASSETS
·
Furniture and Fixtures
·
Telephone
·
Air Conditioner
·
Calculator
·
Cellular Phone
·
Computer Software
·
Computers
·
Vehicles
·
Electrical Fittings
·
Motor Pump
·
Fax Machine
·
EPABX Systems
·
Fan
·
Water Filter
·
Office Renovation
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 54.46 |
|
|
1 |
Rs. 87.62 |
|
Euro |
1 |
Rs. 71.11 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.